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Bima Labs raised $2.25M in Seed funding led by Portal Ventures to develop Bitcoin-backed stablecoins.

Jul 17, 2024about 1 year ago

Amount Raised

$2.25 Million

San MateoFinancial Services

Investors

SmokeyJeffrey FengPaul KimBrian CrainPaul TaylorRyan FangDomoCore DaoHalo CapitalDelta Blockchain FundLuxor TechnologySats VenturesDraper Goren BlockchainPortal Ventures

Description

Bima Labs, a San Mateo, CA-based developer of Bitcoin-backed stablecoins, raised $2.25M in Seed funding. The round was led by Portal Ventures, with participation from various other investors. The company intends to use the funds to expand operations and development efforts.

Company Information

Company

Bima Labs

Location

San Mateo, California, United States

About

Bima Labs is committed to creating a stable and secure financial ecosystem that leverages the strengths of Bitcoin, providing users with unparalleled opportunities for growth and financial innovation.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers